The Greg Smith Show

The Difference Between Income and Wealth


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Did you know that income is different from wealth? If you still think that they are both the same, let me explain why your paycheck—your income—only covers today, while your home builds lasting wealth. Today, I’ll break down the real difference between income and wealth and explain how owning a home creates equity and appreciation over time. For example, a property worth $700,000 today could grow into $1 million in just 10 years, giving you $300,000 in built-in wealth. Understanding this shift can help you see your home as more than a monthly expense.
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The Greg Smith ShowBy Realtor at The BoulderHomeSource Team